BMO Capital Markets Forecasts Strong Price Appreciation for Silvercorp Metals (TSE:SVM) Stock

Silvercorp Metals (TSE:SVM) had its target price raised by BMO Capital Markets from C$7.00 to C$7.50 in a research report sent to investors on Tuesday, BayStreet.CA reports.

A number of other research firms have also issued reports on SVM. Raymond James boosted their price target on shares of Silvercorp Metals from C$7.00 to C$7.50 in a report on Thursday, August 1st. Eight Capital lifted their price objective on shares of Silvercorp Metals from C$6.20 to C$7.00 in a research report on Thursday, July 11th.

Silvercorp Metals Price Performance

TSE SVM opened at C$6.41 on Tuesday. Silvercorp Metals has a 1 year low of C$2.88 and a 1 year high of C$7.34. The business’s fifty day moving average is C$5.87 and its two-hundred day moving average is C$5.25. The stock has a market capitalization of C$1.39 billion, a P/E ratio of 17.68, a P/E/G ratio of 0.03 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.43 and a current ratio of 4.03.

Silvercorp Metals (TSE:SVM) last announced its earnings results on Tuesday, August 13th. The company reported C$0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.04. Silvercorp Metals had a return on equity of 10.92% and a net margin of 21.57%. The company had revenue of C$98.74 million for the quarter, compared to analyst estimates of C$98.53 million. On average, research analysts forecast that Silvercorp Metals will post 0.5394046 earnings per share for the current fiscal year.

Insider Buying and Selling at Silvercorp Metals

In other news, Director Yikang Liu sold 3,800 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of C$7.00, for a total value of C$26,600.00. In other news, Director Yikang Liu sold 3,800 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of C$7.00, for a total value of C$26,600.00. Also, Senior Officer Derek Zhihua Liu sold 53,333 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$5.86, for a total value of C$312,531.38. Insiders have sold a total of 112,893 shares of company stock valued at $639,929 in the last 90 days. 3.67% of the stock is currently owned by corporate insiders.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties. The company primarily explores for silver, gold, lead, and zinc metals. It holds interest mines located in the Henan Province, Guangdong Province, and Hunan Province in China.